Cement News tagged: Corporate
World Cement Association appoints its first CEO
The World Cement Association has appointed Ian Riley as its first CEO and he will start in his new position from 1 September 2019 when Norman Greig retires as Secretary General. "We are delighted that Ian has agreed to join World Cement Association as its CEO, at an incredibly exciting time in our history," said WCA Chairman, Vincent Lefebvre. "His experience and drive will be invaluable as w...
Cementos Melon gets go ahead for Punta Arenas grinding plant
Chile's Environmental Evaluation Service (SEA) has passed the environmental impact assessment (EIA) for Cementos Melón (Brescia Industrial Group) to construct the company's new grinding unit in Punta Arenas, Magallanes region. The grinding plant will cost US$45m to build and will have a cement capacity of 0.25Mta, but depending on demand the total capacity could be raised to 0.5Mta in the fut...
Kohat Cement awards scholarships
Kohat Cement Ltd, has awarded scholarships to engineering students of University of Engineering and Technology (UET) Peshawar, Pakistan. As part of its social corporate responsibility to help local communities in education sector, the deserving students belonging to Kohat have been awarded these scholarships to cover their tuition fee. This was stated by Col Anjmal Khan (retired), general mana...
Lafarge Hungary announces plant investment
Lafarge Cement Hungary has announced that it will invest HUF2bn (US$6.99m) for upgrades at its plant in Királyegyháza, southwest Hungary, by the first half of next year. The investment will boost the share of secondary fuel used at the plant from 60 to 80 per cent and reduce CO 2 emissions by 10 per cent. Last year, the company generated a revenue of around HUF19bn.
PPC reports revenues of ZAR10.4bn in FY19
PPC has reported revenue up one per cent in the FY19 ended 31 March, rising to ZAR10.4bn (US$772.7m), while EBITDA increased four per cent to ZAR1.9bn. PPC's overall cement volumes rose by one per cent to 5.9Mt. South Africa's cement market (including Botswana) as a whole saw a decline of 2-3 per cent in sales but the inland market remains competitive, according to the company. The coastal ...
Charah Solutions to set up third SCM grinding unit
Charah® Solutions Inc has announced plans to set up its third grinding facility for supplementary cementitious materials (SCMs) in Oxnard, California, USA. "Charah Solutions is one of the leading fly ash sales and marketing companies in the country and we are proving that further with this new facility that will help stabilise the West Coast market with high-quality SCMs where availability ...
Shree Cement commissions 2.5Mta of grinding capacity
India’s Shree Cement has commenced commercial production at its new 2.5Mta grinding unit in Seraikela-Kharsawan district, Jharkhand. The fresh capacity is one of a number of new grinding projects that the company set out to commission by 2020. Last month, it also announced plans to add 3Mta of capacity to its unit in Pune .
Peter Donkersloot to resign from Caribbean Cement
Peter Donkersloot Ponce, general manager of Caribbean Cement Co (TCL Group), has announced that he will resign his post effective from 31 July. The position will be filled by Yago Castro Izaguirre, the current general manager of Arawak Cement Co (also TCL Group) in Barbados. Mr Donkersloot was appointed general manager of Caribbean Cement in 2016, under his leadership the company has receive...
UltraTech and private equity firms in talks to buy Emami Cement assets
Emami Group is reportedly holding talks with UltraTech Cement and private equity firms KKR and Temasek Holding to sell assets from its cement business, Emami Cement, which is valued at INR50bn (US$725.4m). The Kolkata-based company is looking to reduce debt and concentrate on its core business. The group is still deciding on whether to fully exit the cement business or simply reduce its stake...
Cemenco rewards distributors at awards night
Cemenco has rewarded its distributors in Liberia at an awards ceremony held in Freeport, Monrovia. The ceremony included awards for 20 distributors for their performance in 2018, with silver, gold and platinum categories. Cemencon is currently supporting President George Manneh Weah's Pro-Poor Agenda for Development and Prosperity in Liberia project. The company operates a 0.45Mta grinding ...
Sephaku Cement set to increase prices this month
South Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," ...
PPC announces new CEO and delays annual results presentation
South Africa’s PPC has appointed Roland van Wijnen as its new CEO after a search that began in November 2018 when Johan Claassen announced he would be retiring from the role. "We are pleased to have secured Roland, a Dutch national, whose listed company experience and exposure to international global best practice will broaden the management practices of PPC. He has a detailed knowledge of t...
Kaeser Kompressoren celebrates 100 years
Kaeser Kompressoren celebrates its centenary this year. Established in 1919 as a machine workshop in Coburg by Carl Kaeser Sr, the company has developed into a compressor manufacturer and provider of compressed air system solutions with a global presence in over 100 countries. Key milestones include the inclusion of reciprocating compressors to its product range in 1948, followed by the deve...
PPC to consider buying remaining stake in Cimerwa
Cimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa. The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, whi...
Cemex increases cement exports from its Mexican plants
In 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker ...
Power Cement to become second-largest producer in southern Pakistan
Power Cement Ltd has informed the Pakistan Stock Exchange (PSX) that it has completed the procurement and installation of plant and equipment of the two expansion projects at its plant site in Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh province, Pakistan. It includes a 7700tpd 'clinker production plant' and 8500tpd 'cement production and dispatch plant', says a letter s...